City of Woodson Terrace Missouri

Public Hearing set

NOTICE OF PUBLIC HEARING
CITY OF WOODSON TERRACE

 

TAKE NOTICE that the City of Woodson Terrace, St. Louis County, Missouri will hold a public hearing on Thursday, September 19, 2019, at the hour of 6:30pm at City Hall, 4323 Woodson Road, Woodson Terrace, Missouri, 6313, within the said City, at which meeting residents of sad City may be heard concerning the property tax rates proposed to be set by said City.  The tax rate shall be set to produce revenues which the budget for the fiscal year beginning January 1, 2019, shows to be reqired from property tax after all adjustments are made to conform to the provisions of Sec.’s 137.073, 137.115, 113.245, and 67.110 RSMo and Article X, Sec. 22 of the Missouri Constitution.

 

Each tax rate is determined by dividing the amount of revenue required by the current assessed valuation.  The result is multiplied by 100 so the tax rate with be expressed in cernts for One Hundred Dollars ($100.00) of assessed valuation.

 

The tax rates outlined herin are merely propsed and subject to increase or decrease when final figured are received by the City.  The final tax leveies to be set by the City shall be established in accordance with the provisions of Sec.’s 137.073, 137.115, 113.245, and 67.110 RSMo and Article X, Sec. 22 of the Missouri Constitution, and said determinations shall be made in accordance with the City’s tax calculations which will be available at the public hearing.  The assessed valuation figure for 2019 includes new residental construction assessed valuation of Five Thousand one hundred Dollars ($5,100.00) and new commercial construction assessed valuation of Zero Dollars($0.00).

 

Assessed Valuation                                         Current Tax Year                               Prior Tax Year
(By Categories)                                                          (2019)                                                (2018)

____________________                             __________________                  ______________
Real Estate                                                            $46,606,330                                      $42,074,650
Personal Property                                              $43,682,731                                      $32,162,488

TOTAL                                                                     $90,289,061                                   $74,237,138

                    PROPOSED TAX RATE

BUDGETED TAX REVENUE FOR 2019

Residential

Agricultural

Commercial

Personal Property

0.3500

0.0000

0.3340

0.2510

$8,539,180.00

 

                                                                                                                Ellie Crane
                                                                                                                City Clerk
                                                                                                                City of Woodson Terrace